Month: October 2015

Southern Silver Substantially Extends Mineralization Throughout the Cerro Las Minitas Project

Significant results include:
– the identification of high-grade Ag-Pb-Zn polymetallic mineralization in a 300m offset from the historic Santo Niño mine in hole 15CLM-023A with an 8.5m down hole interval (5.7m est. TT) averaging 143g/t Ag, 1.2%Pb and 6.2% Zn (437g/t AgEq).
– a new high-grade oxide discovery outboard of the Blind – El Sol mineralization on the west side of the central intrusion in hole 15CLM-081; and
– gold-enriched intercepts from drilling on the eastern side of the intrusion in hole 15CLM-079 and 15CLM-080.

Marlin Gold Mining Repays Sprott Resource Lending Partnership

Marlin Gold Mining Ltd. is pleased to announce that it has repaid the final $5 million of principal due to the Sprott Resource Lending Partnership. This was the only secured debt and only third-party debt held by the Company. Marlin has entered into an amended and restated loan agreement providing the Company with a US$5.5 million increase to its existing unsecured facility from entities controlled by Wexford Capital LP, Marlin’s controlling shareholder. The aggregate principle of the Facility is now US$25 million. The maturity date of the Facility is January 15, 2017 and will accrue interest daily at a rate of 15% per annum.

Starcore Reports Year End 2015 Results

“This has been a trying year for the industry; however, we have continued to perform at the mine reporting net income overall and operating cash flow for the year while also making significant corporate acquisitions that have expanded our base of exploration properties and furthered our resources,” reported Robert Eadie, President of the Company.

Arian Silver – Temporary Suspension and Trading Halt

Arian Silver Corporation, a silver mining company focused on silver projects in the silver belt of Zacatecas, Mexico, announces that further to its announcement on 22 September 2015 of the signing of a letter of intent and non-binding term sheet with Quintana AGQ Holding Co. LLC, discussions with Quintana and its affiliates are on-going, but that notice has been received from Quintana to terminate the letter of intent in accordance with its terms.

Drilling Permit Granted for Mesa de Plata

Key Points:

• New RC drilling program to start at Mesa de Plata within days
• Environmental approval granted for close-spaced 65 hole program
• Drill program will be appropriate for mineral resource estimation
• Access track construction and drill site preparation is underway
• Diamond core drilling at Mesa de Plata is nearing completion

Peñoles Carta del Director al III Informe Trimestral 2015

RESUMEN EJECUTIVO En el 3T/15 los precios de los metales que Peñoles produce y vende fueron en promedio, significativamente inferiores a los registrados en el 3T/14 (en términos de dólares): oro (-12.3%), plata (-24.7%), plomo (-21.5%), zinc (-20.2%) y cobre(-24.9%). El efecto adverso de los menores precios en los ingresos de la Compañía fue mitigado por mayores volúmenes vendidos de todos los metales, así como por mayor tipo de cambio del peso frente al dólar americano (que se depreció un 25.1% en promedio) lo que benefició las ventas expresadas en términos de pesos. En las operaciones mineras, la producción de oro fue superior debido a los mayores volúmenes recuperados en Herradura, el mayor mineral depositado en Noche Buena y mayor volumen procesado en Saucito…

Cyprium Mining closes acquisition of controlling joint venture interest in historic Potosi silver mine and private placement financing

Cyprium Mining Corporation is pleased to announce that it has closed the acquisition of a 53% controlling interest in a joint venture which owns: (i) the exclusive exploitation and exploration rights of the Potosi silver mine located in the historic silver rich mining district of Santa Eulalia in Mexico; (ii) the exclusive rights of possession, usage and operations to the San Guillermo processing facility which is located seven kilometers from the Potosi silver mine; as well as (iii) all of the exclusive exploration and exploitation rights to a property adjacent to the south of the Potosi silver mine known as La Chinche. Cyprium’s partners in the Joint Venture are entities controlled by members of Mr. Daniel Valenzuela’s immediate family. Mr. Valenzuela is a third generation miner located in Chihuahua, Mexico whose family has owned the Joint Venture Assets for over sixty years.

New Gold’s Third Quarter Delivers 31% Increase in Gold Production at Lower Costs

“New Gold moved from strength to strength during the third quarter,” stated Randall Oliphant, Executive Chairman. “Our gold production increased significantly, our costs decreased and we further strengthened our balance sheet. When including the cash proceeds from the El Morro transaction and the remaining stream deposit from Royal Gold, our company has total pro forma liquidity of over $750 million which exceeds the remaining development capital estimate at Rainy River. In addition, with quarterly all-in sustaining costs below $800 per ounce we continued to generate a robust margin. We now look forward to finishing the year with another strong operational quarter and further advancing the construction of Rainy River.”

Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.

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